Morning Briefing: 10 Things You Should Know

Written by: Joseph Woelfel12/21/12 - 5:56 AM EST

Tickers in this article:
NKE NOK RHT RIMM WAG

NEW YORK (TheStreet) -- U.S. stock futures were signaling sharp losses on Wall Street Friday after House Speaker John Boehner said late Thursday he didn't have the votes from members to pass his "Plan B" fiscal-cliff proposal.

"The House did not take up the tax measure today because it did not have sufficient support from our members to pass," Boehner said in a statement Thursday. "Now it is up to the president to work with Sen. Harry Reid on legislation to avert the fiscal cliff."

European stocks were falling while Asian shares ended Friday's trading session mostly to the downside. Japan's Nikkei 225 index fell 1% to close at 9,940.06.

The Dow Jones Industrial Average climbed 60 points, or 0.45%, to close at 13,312.

Research In Motion(RIMM) reported a fiscal third-quarter loss Thursday that was narrower than Wall Street's expectations.

The stock of the BlackBerry maker moved higher in after-hours trading Thursday but reversed course during an earnings call after RIM said it would change the way it charges customers service fees, putting a key source of revenue at risk.

Nike's(NKE) second-quarter earnings fell 18% but topped expectations because of strong demand in North America.

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